Real estate should keep its value better than other investments during the global slowdown and perfo...
Real estate should keep its value better than other investments during the global slowdown and perform significantly better than in the last recession, according to the Market Watch report from LaSalle Investment Management.
Robin Goodchild, European director of research and strategy at the group, said: 'Most of our optimism stems from the fact the European real estate community has learned some hard lessons since the early 1990s, limiting speculation and controlling overbuilding in the ensuing years. This restraint should serve investors well in 2001, giving Europe the momentum to sustain it through a short dip in the US economy.'
According to Market Watch, the European property markets began 2001 in excellent condition and LaSalle predicts that the existing buoyant domestic demand will remain for at least the next two quarters.
'If the US economy is back on a growth track by then, 2001 will be another good year for property investors,' Goodchild said.www.ifaonline.co.uk
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